Loan Set-up Coordinator (Pre-Acquisition Collateral)

Loan Set-Up Coordinator (Pre-Acquisition Collateral)The Loan Setup Coordinator reviews and enters loan credit documents from our seller network to ensure they meet minimum requirements for efficient processing. This role involves correcting data, refining procedures, answering inquiries, maintaining pipeline and SLA requirements, and submitting loans for Third Party Reviews. The Setup Coordinator also identifies issues in documents and data to assist the Credit and Collateral teams and performs other related duties as assigned. This position is based in our Bloomington, MN office and follows a hybrid work model, with 23 days per week onsite and the remainder remote.Responsibilities and Duties:Provide initial review and data entry of loan credit documents and data submitted from our seller network to ensure minimum requirements met to facilitate a smooth and efficient review by our review team. Documents include applications, credit reports, a variety of income verification documents, asset verifications, and evidence of property value.Review data for accuracy and collect or correct as applicable.Work with internal counterparts to refine procedures or enhance systems necessary to develop a thorough and efficient process.Willingness to work with Operational team on any other duties necessary to acquire and securitize mortgage loan asset or as assigned by management.Answer and resolve internal or external email, phone, or other inquiriesMaintains a current pipeline and SLA requirements for the positionSubmit loans for TPR review, ensuring all required documents are accurately completed and submitted. Promptly address any issues by coordinating with the Seller and TPR to facilitate resolutionIdentify issues and discrepancies in documents and data to assist Credit and Collateral teams.Maintains minimum daily file review/clearing requirements as set by management and SLA KPIsPerforms other related duties as assigned by team lead or managerEducation and Experience:High School diploma or equivalentMinimum of 2 year's processing or administrative experienceIndividual must have excellent customer service skills and be comfortable with candor, interaction with other team members, and clients/vendorsAbility to review loan documents and associated data specific to program and company guidelinesAbility to identify required conditions for missing requirements and/or data elements to facilitate the submission of a loan in accordance with company guidelinesAbility to quickly adapt to changes in processes and workflowAbility to focus on multiple programs and tasks simultaneouslyHigh attention to detailExcellent organizational and time management skills. Under minimal supervisionDemonstrated judgment and decision-making ability.Proficient in Windows and Adobe ApplicationsMortgage experience is a plus but not requiredKey CompetenciesAttention to Detail: The ability to meticulously review loan documents and data for accuracy, ensuring all required elements are complete and compliant with company guidelines.Customer Service Skills: Excellent interpersonal skills to effectively interact with internal teams, clients, and vendors, ensuring clear communication and resolution of inquiries.Organizational and Time Management Skills: Proficiency in managing multiple tasks and maintaining an active pipeline while meeting service level agreements (SLAs) and key performance indicators (KPIs).Problem-Solving and Decision-Making Ability: Demonstrated ability to identify discrepancies in documentation and data, collaborate with teams to resolve issues, and make sound judgments in a fast-paced environment.Adaptability and Technical Proficiency: Capability to quickly adapt to changing processes and workflows, along with proficiency in Windows, Adobe applications, and other relevant software tools.How This Role Demonstrates Our ValuesIntegrity: The Loan Set-Up Coordinator must exemplify strong ethics and accountability by ensuring accurate and thorough reviews of loan documents, adhering to company policies, and maintaining confidentiality of sensitive client and company information. Upholding these standards directly reflects the value of integrity in daily responsibilities.Excellence: Meeting minimum daily file review requirements, maintaining SLA KPIs, and ensuring accuracy in all tasks showcases the pursuit of excellence. The role demands a high level of attention to detail and organizational skills, ensuring a consistently exceptional standard of work.Collaboration: This role requires seamless interaction with internal teams, such as the Credit and Collateral teams, as well as external counterparts, like clients and vendors. Actively engaging with others to refine processes and resolve discrepancies demonstrates a collaborative mindset that drives collective success.Critical Curiosity: The Loan Set-Up Coordinator must possess the ability to critically analyze loan data and documentation, identify missing elements or discrepancies, and adapt to changing workflows. This curiosity to explore solutions and refine processes supports the company's innovative and forward-thinking culture.BenefitsGreat compensation package, including competitive base payDiscretionary annual bonus opportunityAttractive benefits plans and paid time off, including sick time401(k) with company matchingProfessional learning and development opportunitiesTuition reimbursementAnd much more!Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship. Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions. All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person's race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person's disability or medical condition.About Invictus Capital Partners / Verus Mortgage CapitalVerus Mortgage Capital is an independent national mortgage investor. Verus offers its Sellers responsible non-prime and Jumbo prime lending products that fill the credit void in today's market. Verus consistently evaluates today's market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.